Kazakhstan & Azerbaijan: Caspian output set to rebound
Both countries signed up to the Opec deal in 2016. Neither seems destined to stick to the terms
Oil production in the Caspian is set to rebound as the Kashagan project in Kazakhstan reaches capacity and international majors circle new energy developments in Azerbaijan. Kazakhstan has already broken ranks with Opec in terms of the accord to rein in its crude output. Liquid production hit a record high last year and that was chiefly because of growth at the Kashagan project—which produced an average of 180,000 barrels a day last year—along with record output at TengizChevroil and Karachaganak. Kazakhstan's oil production rose to 1.93m b/d in February, compared with 1.8m b/d registered in 2016 at the time of the pact with Opec. Tengiz, Karachaganak and Kashagan are the largest oilfields i
Also in this section
18 February 2026
With Texas LNG approaching financial close, Alaska LNG advancing towards a phased buildout and Magnolia LNG positioned for future optionality, Glenfarne CEO Brendan Duval says the coming year will demonstrate how the company’s more focused, owner-operator approach is reshaping LNG infrastructure development in the North America
18 February 2026
The global gas industry is no longer on the backfoot, hesitantly justifying the value of its product, but has greater confidence in gas remaining a core part of the global energy mix for decades
18 February 2026
With marketable supply unlikely to grow significantly and limited scope for pipeline imports, Brazil is expected to continue relying on LNG to cover supply shortfalls, Ieda Gomes, senior adviser of Brazilian thinktank FGV Energia,
tells Petroleum Economist
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
